Iowa Code 554.2717 – Deduction of damages from the price
Current as of: 2024 | Check for updates
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Terms Used In Iowa Code 554.2717
- Contract: A legal written agreement that becomes binding when signed.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
554.2717 Deduction of damages from the price.
The buyer on notifying the seller of the buyer’s intention to do so may deduct all or any
part of the damages resulting from any breach of the contract from any part of the price still due under the same contract.
[C24, 27, 31, 35, 39, §9998; C46, 50, 54, 58, 62, §554.70; C66, 71, 73, 75, 77, 79, 81, §554.2717]
The buyer on notifying the seller of the buyer’s intention to do so may deduct all or any
part of the damages resulting from any breach of the contract from any part of the price still due under the same contract.
[C24, 27, 31, 35, 39, §9998; C46, 50, 54, 58, 62, §554.70; C66, 71, 73, 75, 77, 79, 81, §554.2717]